Bitcoin Forum

Hi, so I do a little mining and have a little money that I play with in bitcoin.

 All the different you tube channels evaluate in a 'technical' way  discuss trends with a caveat that you the viewer should  decide.... , but really don't share any information wrt adoption.

If majority of conglomerates don't accept bitcoin neither banks, how would the benefit / value be realized, apart from the normal day trading / speculation....buy at lower value prices sell at more....

Is there a place that shares who accept bitcoins ( big businesses)?

Which part of the world  is actively trading and performing purchases and sales with products and commodities  using crypto currency to perform these transactions  that are not  crypto currency focused?

I'm sure that several big automotive companies I think Lamborghini is one of them, started to accept Bitcoin payments a while ago. Also to my knowledge you can buy coffee from Starbucks in USA as well with crypto.
Microsoft which is the behemoth of the tech industry has adopted BTC for many of its services including for their Microsoft Azure hosting platform AFAIK.


Then you are not looking at the right yb channels. Technical analysis is mainly meant for trading and price prediction. Charts represent market movements and the intrinsic psychology of the people participating in it.

I think you need to start at which country is legally accepting crypto and then from there you can check which one of them are using crypto in their everyday life. I suggest you start with Germany here:

Burger King Starts Accepting Bitcoin for Online Orders in Germany (https://cointelegraph.com/news/burger-king-lets-you-pay-your-way-in-germany-with-bitcoin)
25,000 German Online Stores in Germany to Begin Accepting Crypto in 2019 (https://www.cryptoglobe.com/latest/2018/10/25000-german-online-stores-in-germany-to-begin-accepting-crypto-in-2019/)
Germany’s Tourism Board Accepts Bitcoin Payments (https://news.bitcoin.com/germanys-tourism-board-accepts-bitcoin-payments/)

I don't used Youtube channels for TA though, most of them if not all, doesn't have the background to do it. They are just doing it for the sake of making money in their channels that's why what they share is just limited and doesn't see the big picture.

Take a look on this part https://www.buybitcoinworldwide.com/who-accepts-bitcoin/
Lots of them already accepting Crypto but somehow this would vary on where you do live.
If it does reside near you then youre lucky if not then it takes time.Adoption is on the move
but as to expect not all countries would have same inputs or views on accepting it.

There is a thread here where you can spend yout bitcoins and the lists of the companies or businesses tht accepts btc as a payment.

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• https://bitcointalk.org/index.php?topic=5181971.0

Bitcoin can be a a store value, a digital asset. But the main purpose of it is the blockchain technology wherein advanced technology given by this makes our data more secured, more efficiently used and may solve the problem concerning data analysis, etc. That's the main purpose that many aren't recognizing it, yet.

I think your intention is about the daily use of Bitcoin in real life and about investors who dare to buy thousands of BTC, because without it BTC is not possible to survive until now and has a high price.
and all of that is actually in the trade that is done at every exchange,
without exchange, BTC will not be able to live long.
The exchange holds tightly important in determining the price of bitcoin.
because without an exchange no one can sell or buy bitcoin.

Lots of establishments already accept bitcoin and this list is growing every year. Although agreeably, the pace is slow at this point in time, bitcoin adoption is still growing, and thats what is important and encouraging.

For a list of businesses accepting bitcoins, heres a list of 11 big companies according to google search i did:
https://www.buybitcoinworldwide.com/who-accepts-bitcoin/

We all agree bitcoin is alternative income and I believe already have market also customers. You only need search in real life because this time many business already adopt bitcoin as alternative payment but of course they fix their system first. One solution if you didn't find what business to replace bitcoin, you may built by your own system and management, nothing lose I think. Built new one and good luck to you.

So many people don't know what it is? and what does it use? and what can it do? Questions they do not know the true answer to. For us to know what bitcoin is, for the knowledge of most of what Bitcoin can offer besides the financial crisis it will also help our country's economy as long as it is used properly. As other countries do when they accept or regulate bitcoin. It can outweigh the banks in the long run.

There are hundreds of websites available where you can pay bitcoin or spend bitcoin like for booking flight tickets,hotels.

For paying restaurants and even there are places to buy cars with cryptos in countries like Japan.

So it has got value and can be actually spend but it may take time for your native to adopt to it.

My concern is that even though many establishments and business will accept bitcoin, there is no sense at all if only few people go to their shop and pays using cryptocurrency, just my opinion. The other thing that I'm thinking is that if it is worth it to buy products in real life and we are going to pay them using bitcoin, you know, we will lose the profits we could earn if we use it instead of fiat on buying products.

We don't have to do all the trends or hype news, I mean even though it means you are helping in bitcoin adaptation by complimenting establishments who accepts bitcoin as a payment, what's the point if you guys are only few, fiat will still win and eventually they will forget that they are accepting bitcoin as a payment.

That is the key there, it might take some time, after all only small percentage still know and understand what bitcoin it. It my country, I haven't seen any adoption, although it was been reported that one bank here are pushing for a Bitcoin ATM. So I'm still in the minority here and only a handful know was crypto is. But I'm not going to be surprised that in the next coming years that crypto are going to be offered by big stores and big online merchants, as the popularity of bitcoin is already growing.

And for everything else, you can purchase a gift card with Bitcoin to get whatever you want. That's what makes Bitcoin the king right now, the level of adoption. Now, a lot of these places that accept crypto payments are using services that accept many different coins as payments. This is pretty big for all of the other coins because they are usually a lot lower on fees. I know whenever I get the option, I usually will go and trade my Bitcoin for something else with lower fees just to save a little bit of money.

Currently, bitcoin is being used by many people for the main purpose of trading. Very few people use bitcoin for payment or daily consumption, because its value is always volatile.
But in the Philippines, they are actively pushing people to use cryptocurrencies because they consider cryptocurrency to be a valuable asset in the future.

There have been small and big businesses but here goes the problem.
All of a sudden theh found out they could create their own token using ERC20 of Ethereum so they go making fund raising or people could invest in replace for a promise that its price per token could grow in time.

Which is bringing bitcoin to a dump again of its value instead of being used more for adoption.
It is sad but what else could we do.
Strengthening the power of decentralized bitcoin could be the answer. People should not forget the privacy that is being offered by bitcoin.

There was a time when Bitcoin was actively used as payment method for micro payments. I personally used to pay for hosting, charge my customers, and do others online transactions in Bitcoin. But once the price of Bitcoin soar too much and demand for it grew excessively, we faced the problem of scaling. The fees grew exponentially. I remember doing transactions for $25 fees!
So the concept of Bitcoin to be used as payment method is a paradox:
 Increase in number of bitcoin transactions as payment method  -->  Increase in demand  -->  Increase in price  -->  Increase in fees  --> Decrease in number of bitcoin transactions as payment method

Bitcoin is one of the valuable asset, because in our country many peoples are invest gold and share market. But current trending is crypto investment, so it will reach many countries and still many countries are not legalised so some peoples are fear to invest in Bitcoin so once Bitcoin will accept many countries it will going to moon and no one is waiting to participate on Bitcoin investment.

I think in many countries that have legalized crypto transactions, we can see payments like food / transportation already using crypto currencies. I think that's already a pretty big part.
but for companies like paying employees' salaries using crypto I think it's still difficult to do because the value is not stable, but I think in the near future they will find a way to do it.

I understand OP's feeling about bitcoin bitcoin,because medium of exchange need to be convenient to use that is why we created money after barter system.We surely can spend bitcoin now itself but the process may not be instant since we need multiple stages to make bitcoin to be spend on any website,all I want to say is it got more value than speculation.

I use Bitcoin every once in a while to buy products, mostly electronics such as computer parts and whole computers, from sites like Newegg, and it works just as well as if I were to be paying with a debit or credit card. The main difference is just waiting for my funds to confirm, which usually doesn't take very long. Steam also used to accept Bitcoin, though they no longer do and I have to buy Steam gift cards from sites like Bitrefill (click for direct link (https://www.bitrefill.com/buy/?hl=en)) which do the job just fine, and processing is very quick besides waiting for confirms just like with Newegg. I still hold the majority of my stash in cold storage, but I still do spend some of it from time to time with ease.